Vermont § 4854 - Subscribers’ share in assets
Full text of Vermont Vermont Statutes Online § 4854 — Subscribers’ share in assets, with citation guidance and answers to common questions.
§ 4854. Subscribers’ share in assets
- Upon the liquidation of a domestic reciprocal insurer, its assets remaining after
discharge of its indebtedness and policy obligations, the return of any contributions
of the attorney or other persons to its surplus, and the return of any unused premium,
savings, or credits then standing on subscribers’ account, shall be distributed to
its subscribers who were such within the 12 months prior to the last termination of
its certificate of authority, according to a reasonable formula that the Commissioner
approves. (Added 1971, No. 31, § 1, eff
Frequently Asked Questions About Vermont § 4854
What does Vermont Statutes Online § 4854 cover?
Section 4854 ("Subscribers’ share in assets") is part of the Vermont Statutes Online, the codified statutory law of Vermont. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Vermont § 4854?
A common citation format is "Vermont Statutes Online § 4854" (Vermont). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Vermont law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Vermont official source linked on this page or consult a licensed Vermont attorney.
How does Vermont § 4854 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Vermont can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Vermont.